With that statement the NY Times in a 2020 strategy statement prove they at least understand that the days of newspaper survival on advertising are gone. The final paragraph in the introduction has three telling actions still required: For The Times to become an even more attractive destination to readers — and to maintain and strengthen its position in the years ahead — three broad areas of change are necessary. Our report must change. Our staff must change. And the way we work must change. I still believe in (online) newspaper organisations with quality reporters for obtaining real news, but … Continue reading “We are, in the simplest terms, a subscription-first business” NY Times

DDoS attacks are little understood by most, yet pose a significant threat to our online lifestyle. Brian Krebs is an independent journalist who has singlehandedly sought out bad actors performing security attacks varying from online ransomeware to Mexican ABM card skimming. Krebsonsecurity.com has been hit over the last couole of days with DDoS on a scale that he indicates is unprecedented. The scale is over 600Gb per second – this in comparison to previous large attacks in the 200 Gb range. Furthermore the methods used indicate botnet leveraging of applicances previously never considered. These include personal home routers, which have … Continue reading DDoS attacks at unprecedented levels hit Krebs

Bitcoin reporting continues to be as vague as the average persons understanding of Blockchain. Nonetheless this loss will be closely followed. The last big loss was 2 years~ ago at MtGox in Japan, and that resulted in the exchange being shut down. Following MtGox closing in bankruptcy, here are the reasons according to Wired: But on the inside, according to some who were there, Mt. Gox was a messy combination of poor management, neglect, and raw inexperience. So Coindesk are doing no-one any favours by attempting to deflect the Bitfinex loss with a mid article shift to a discussion about … Continue reading Hong Kong-based Bitcoin exchange Bitfinex customers lose 120K BTC

The ongoing demise of online banking and its replacement by mobile banking continues. These statistics overshadow the almost 50% reduction trend in branch based transactions in UK that is expected to continue significantly to 2021. They also note this is not a reflection of bank disaffection; rather it is a shift in how customers interact with Banks. For industry wonks click through for the BBA/EY report. Apps crush internet for UK banking logins In 2015, there were 4.3 million online banking logins each day, down two per cent on the previous year, the BBA’s Way We Bank Now report shows. … Continue reading Bank customers move from online banking to mobile apps